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tv   FOX Business After the Bell  FOX Business  January 29, 2013 4:00pm-5:00pm EST

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hard to call it a big rally. we're so close to that 14,000 number. let's go to nicole petallides. we have a lot of business coming up this hour. she is at the nyse. amazon is down 3 1/2% ahead of earnings. why? >> it is accelerating going into earnings after the bell. as everybody is anticipating, this is a stock that has been up 43% over the last year or so. there were high hopes here for the numbers coming after the bell, liz and dave. something we will watch going now into these last few minutes. liz: well, listen, there was a lot of enthusiasm following earnings last night. yahoo! unable to hold onto the early gains that came from that. >> it is interesting because marisa meyer took over. there was so much going on. it has been a stellar performer. yahoo! is pulling back over 3%. david: i'm very happy to say that apple is having another nice day. that is two in a row. who knows where we'll go from here. >> so far so good. not at 435 anymore.
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we're talking about a new ipad again. we're seeing apple finally jumping a little bit up 1.9% for apple shares. liz: disappointment, ford. get a quick read. >> europe is the problem for ford. [closing bell rings] liz: great. trucks good. europe tough. david: call this a claman rally. everybody is happy that claman is back in town. everybody at nasdaq by the way, just are barely into negative territory there, .0% to the downside at nasdaq. all the other indices are doing quite well. liz: couldn't get the nasdaq. david: you couldn't do it all. we have nice gain in the dow jones. it is about 50, 45 points away from dow 14,000 on its way to a new high. s&p up by the same percentage. nasdaq just down a slight tick. russell 2000 up a slight tick. so a little mixed message here. but clear rally in the dow. liz: so many of you are in
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etfs. guess what? today marks the 20th anniversary of the very first exchange traded fund. the first etf was the spdr 500, spy. lonesome spdr paved the way which is $1.4 trillion industry. we have 1400 different funds. the etf up more than 230% since its inception. hit a 52-week high today. david: seems more like 20 years, doesn't it? seems like a institution. look what is happening with oil. this could be a problem. once oil gets above 100 into triple digit territory. there are questions whether it cause as drag on the economy. it is inching closer to that. a big jump by a dollar up to $97.46. a little higher in after-hours trading that is how it settled today. we'll have to keep a close eye on oil. we have a trader who says this is nothing. we're about to go oil rally that will see all-time
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highs. he is coming up later this hour. liz: higher crude push helped energy etfs hit new 52-week highs. erx, makes a three times bullish bet on oil. we flip it over to the iye. this is up 5%. this is up with one and change. 1 1/2%. top holdings include exxonmobil, chevron and schlumberger. dynamic energy exploration etf. pxe. top holdings, hess, valero and marathon oil. looking good. david: we're awaiting into us from amazon. they're about to report. we'll have the numbers, full analysis as soon as the numbers are released. brace yourself. we have a leading analyst who says this year oil could rise to record levels, forget about that jump back in 2008. he says we haven't seen the numbers coming up for 150 years. find out why. liz: okay. corning's gorilla glass, we've shown it to you. it is pretty strong as i got to see first-hand at this year's consumer electronics show. we put it to the test but the strong glass is bringing
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in very unbelieveable sales. i tried to break it. i was jumping all over that thing. david: you had rubber souls. i want to see that in high heels. >> didn't want my eye taken out. they have strong sales thanks to handheld devices putting gorilla glass in it. coming up in moments corning ceo. adam shapiro with amazon. adam? >> street may not be happy with this. the stock is down 1%. sales up according to their report in the fourth quarter. but revenue falling short, 21.27 billion. the street was expecting 22.26 billion. earnings per share, 21 cents. the street was expecting 28 cents. first quarter guidance looking sales 15 billion to 16 billion. the street not happy with that, liz? liz: amazon. look at what the stock is doing in the after hours session. right now the close was $260.5. the bid is actually just slightly higher as everybody's able to just absorb these bits of news.
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just want to let people know we're looking at ebooks. after five years, amazon is saying e books, talking about the kindle, a multibillion-dollar cat bother for us and growing fast, up 70% last year. david: wow. liz: david, so obviously very big. david: the key for amazon, they have huge sales. we knew that they were going to come in with strong sales numbers but it's that very thin profit margin, things like the kindle, they sell about just at cost. they don't make much of a profit from that at all. let's go to joe ckusek in the pits of the cme. we see a slight tick upwards after-hours. the thin profit margin bothers a lot of investors, right? >> yeah. that has been the case right now, but again the bullish sentiment continues to persist. right now the s&ps are taking out in cash as well as futures at that first resistance point between 06 and 1507.
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still the bulls are quite in control right now. liz: still looking at a company where the price-to-earnings ratio is just unbelievably high. it is in triple digits depending which metric you look at. that gets to be a little disconcerting and dangerous except this stock keeps hitting 52-week highs over and over again. does that worry you? >> it doesn't worry me because hey, they're plowing cash back into the business. it would worry me if they're having a dividend. when i looked at the options market before i came on the show today they were already pricing in about $20 move into this event. so, you know, volatility is going to be in this stock but they keep plowing the cash back into the business and that is something that investors have held on to. that's why they stick with amazon. david: and they have bezos still there. apple unfortunately doesn't have steve jobs anymore but bezos, the leader of the company, is a real out of the box type thinker. he is one of the those guys you feel comfortable with them taking the huge cash hoard putting it back into the company instead of
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turning it back to investors. you know he will think out of the box and invest that money wisely, right? >> that is exactly right. you can't lose sight. apple last week really put the brakes on tech but the large cap tech has been leading where it was lagging into these earnings cycles. amazon has disappointed but we still think the big tech names coming in. amazon, like i said, with steve at, with bezos --. david: jeff bezos at the helm. there is nobody like him. in fact a lot of people were concerned, joe, with this new tax, they have to add on the 7% tax, it adds up to 9% in some cases in california. these huge new sales taxes that the internet used to be able to avoid, they can't avoid it all over the place now. certain states it does kick in, that didn't seem to hurt sales too much. kind of surprising. >> i live in illinois. i live in chicago that's one of them. >> we have taxes in this town. this is nothing. the expectations are built
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in. not like we didn't know about this. that is like the general market. we see the things out in the forefront. investors and traders are not reacting like they normally would when they see the top line and follow-up data. they're looking at the stock. looking at what could potentially happen. i think this is priced in. david: joe, thanks. we'll see you in a couple of minutes when the s&p futures close. thanks. liz: well at this year's consumer electronics show you know we tried our absolute darnedest to break corning's new gorilla glass. they keep reinventing it. i was jump all over the thing of the the tennis shoes i was slamming my heel heel into it, if i kicked one of my old phones, i will not say who makes it, new gorilla glass looking unbelievable good. i'm not a whippett supermodel. i couldn't break it. guess what, the strength held up for corning. they just cape out with their earnings. they had, even despite economic headwinds they
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reported the largest annual and quarterly sales in the company's history. and these guys have been around for a long time. let's bring in the corning chief financial officer. good to see you. thank you for being here. >> thanks for having me on. liz: you know what amazes me, and we cover gorilla glass, has a sexy name and exciting. you have a whole host of businesses specifically with gorilla glass that goes into the smartphones that every teenager drops and shatters. is not happening much in part because of your gorilla glass. the revenue from that particular segment up 68%. how big has this business become in the grand pie that is corning? >> well, we achieved a billion dollars in sales last year for corning out of our $8 billion in sales. so we're delighted by this remember, this is a relatively new product. i think we just hit six years of selling the product. so we're delighted at that. we think there is a lot more upside for us the next couple years as touch moves to pure notebooks rather
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than just tablets. we think it could grow substantially for corning. liz: we should mention though, because one of the things, mr. steiner who was there doing our gorilla glass test, had said was you guys are in more than 40 different brands of smartphones and mobile tablet but let's talk about another huge part of your business and that is the lcd glass business for big televisions. what is really driving this? these things are not cheap yet the consumer who some would say tentative or down and out is still buying this, it is still helping your business. talk about that part of it. >> so, overall the television market outside of japan where it was actually negative, units grew about 3% last year but was really happening is the average size of televisions went up by two inches. sales of 50 inch and above televisions double last year. as you saw in consumer electronic shows you wandered around, large-sized televisions are really looking great. we'll see in the future better definition.
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the ultrahigh definition or two k by 4 k. we think large size televisions will give us good demand over the next several years and we're delighted by that. liz: jim, one of the things we saw a lot of, oleds, organic led televisions which are super, super thin. what kind of challenge has it been? is corning stepping up to the plate and producing thinner and even stronger glass for the oleds? >> we already are. we supply glass for use in o leds by small form factor like samsung phones. you saw consumer electronics. we make a glass for them. we have the potential of our willow glass, the ultrathin bendable glass to be used in oleds. we're expecting to see that come. liz: fascinating to watch the glass bend. we could see that you can actually, david, bend it. it is so cool. fascinating to see the
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ingunt, the american ingupt, -- ingenuity, for a company that has been around. my mom had corning ware. remember the dishs? it morphed into quite the business of the as you look at a global business such as corning, you look at currency fluctuations. analysts are a little concerned about this. you have a very weak yaen and some issues that do face you are these currency fluctuations. how are you hedging? how are you going to manage that? are you going to change your strategy? >> we've always disclosed the impact to the end to our investors and analysts. this doesn't come as a surprise. liz: right. >> i think it was the very sharp weakening of the yen from 80 to 90 in the month of december that took everybody by the speed of that happening. we have a couple alternatives. we could potentially move to u.s. dollar pricing. or we could, enter into hedges to protect us from further erosion. evaluating them right now. we talk to analysts about that today on our earnings call.
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liz: one of your weaker segments, i don't need to get into because it is not breaking news. solar is a weaker business. i assume you will continue to stay in the business even though it is slowing down? >> sure. this is primarily through our do you corning equity venture. they sell solar, polly silicon. because of the trade disputes with china right now, sales really have shrunk and pricing is down. we don't believe the future of the solar business is over. we may have to shrink it for a period of time and we're prepared to do that. so it was a little bit of an earnings drag. but our fourth quarter was actually the first quarter since 2010 that we had year-over-year earnings increase and that came despite the end dragging us a little -- the yen dragging us a little and solar a little. we really think we turned around. liz: let me finally say, gorilla glass is such a success story. an old company with relatively new product of six years. you guys sit around in the office and jump like we do at fox business toe try to
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break it because we can't? >> we do have a lot of fun with gorilla as we do with all our products. we hope you come to our investor day next week and maybe see some other new product. >> i'm trying. couldn't quite do it. thank you, jim. good to see you. chief financial officer of corning. he has been with the company since the '70s. david: he is the best poker player in the world. liz: poker face. he broke it right there. david: he broke it on that one. liz: thank you. david: lots of people are saying oil is going to stick around the price it is right now for the year. we have an analyst who says, listen to this, 2013 will bring new highs for crude, the highest ever! ever!. liz: 148? david: inflation rated. find out why. liz: interesting. the dow approaching a all-time high. up next our market panel tells us where to put your money to work so your portfolio can hit new highs as well. david: protecting your identity and reputation online, not to mention the credit score. the ceo of reputation.com, talking about his company's
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david: look at what's happening to amazon here. it is a pop after-hours. at first it kind of limped ahead. now it is roaring ahead. this is up 7%, $1 gain from where it ended after-hours -- $21. the question with amazon is its profit margin. it has such a thin profit margin, even when you have tremendous sales, sometimes it doesn't actually make that much profit. this time it did. it pleased wall street. that is why it is trading so much after-hours. liz? liz: for all of you who thought etfs were a relatively new instrument, no. spy is celebrating its 20th
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anniversary today. nicole has jim ross, state street exchange traded fund. >> he is here to celebrate the 20th anniversary in 1993 when we started the launch of etfs, right? spy basically copies the s&p 500, right? >> yes it does, it reply indicates the s&p 500. >> how does it feel? >> wonderful. 20 years ago. bunch of folks had an idea, we launched it helped investors solve their investment challenges. >> tell us about the big money. >> 1.4 trillion dollars in the u.s. close to 2 trillion globally. it is growing obviously very well in the last few years. >> before 20 years ago nobody knew what an etf was. now investors if they want to copy the s&p 500 they can do exactly that. is that your suggestion? >> i think, well i think obviously they can get exposure to a lot of different asset classes with etfs. s&p 500 is one of them. that is the best way to get
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an exposure for investors. >> what are you hoping for going forward? what are the growth aspects of this? >> we continue to look at etfs as a way for the investor. we continue to look at this as a long-term growth trend. etfs in the u.s. took in $180 billion in strong cash flows. that is really good year and we want to continue. >> thank you. check out the cake. we're wrapping it up. with the spider. spy is the spider? liz: take a bite out of its leg. >> just kidding. liz: thank you, nicole. david: let's bring in our market panel. ron weiner, and bruno delama global x funds ceo. good to see you both. ron, we were talking about the profit margin for amazon and how thin that usually is. let's talk about the profit margin for this market. when you get to the top of a market, we may go higher. a. a lot of people think we will go higher. clearly we're at the top range. the profit will be thinner,
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is it not? we'll not see the big gains from equities we did in 2012? >> the broad averages. there is individual stocks. and there is individual sectors. david: we just talk about the spy. i'm talking for the moment about the broad averages. >> prod averages will probably be weak going into the second quarter. we're thinking and worry heaping that third quarter will look a little bit better. but it may not get a whole lot of pop up until june. liz: ron is usually all he can good up. he is kind of relaxed at the moment but he is bullish. bruno, what about you? you feel bullish and you're worried about people talked about in hyper sense before the end of the year. that is the sequestration. meaning spending cuts that would kick in because we didn't reach a deal, a whole deal when it came to the fiscal cliff. are you still worried about that and why? >> well it is certainly an important factor to keep an eye on. if you look at the gdp growth we expect for 2013 we're looking at two, 2 1/2%. any sequestration that, sort
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of implements significant cuts to spending will probably take away about 1% of that. we don't expect quite as much as that to be implemented but we do expect a little bit of spending cuts and a little bit of headwinds to gdp growth. liz: that will affect, at that will affect the markets in their entirety or just certain names like the aerospace names and defense names? >> well clearly there are going to be certain sectors that are going to be more directly impacted than others but it is really going to trickle down throughout the economy and all the consumer spending as it will have an impact on the market as a whole. there are certain sectors that will continue to do well. we specifically like energy. i mean that is a sector that is booming right now. david: ron, let's talk about the tech sector. specific stocks. everybody is looking at apple right now. it is obviously in a class by itself. it is not really a bellwether for anything but apple right now. however, some people think it is a buy at this point. would you buy into apple and related stocks like qualcomm?
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>> well that's exactly the two picks i had in mind. apple now, if you factor out the billion, 138 billion of cash, is trading 7 1/2 times earnings. the company is still growing at --. david: compare that to amazon, for example. jeez. >> it is's a cheap stock. it was a cheap stock at 600. it's a cheap stock now. its brethren if you don't want to go specific apple go with qualcomm because equal come sells to apple and samsung and nokia, and rim. they sell to them owl it is smartphone sales that are the theme that people should be going with. liz: i would agree with you but what about the dividend? let's quickly as we finish up bruin they you like some dividend names. proctor & gamble is a dividend name. why dividends still? that was a very played trade in 2012. >> dividend has been played a lot but when you look where dividends are played they're typically played on dividend stability names. we actually like, what we
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refer to as super dividend payers. companies by super we mean, seven, 8, 9% dividend payers. they are generally viewed as high-risk plays. in reality the cash flow they generate make the companies less volatile. we like the high dividend payers. david: bruno and ron. thanks for being here. >> thanks for having me. liz: president obama looking to pave a path for undocumented residents to become u.s. citizens. can the senate get behind it? more on that next.
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david: well, oil hitting a 19-week high today, pushing nearly a quarter of all energy stocks in the s&p 500 to 52-week highs.
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we have an analyst who says, crude is set to rise even more folks! in fact he is calling for prices to reach a 151-year high. joining us now, is john laforge, ned davis research analyst. john, good to see you. thanks for coming in. appreciate it. >> good to see you, too, david, let's plain. david: let's explain what we mean. july of 2008. the price of brent went up to 145, $147 but it didn't sustain that because we had this huge drop-off. in fact i think we have a chart of the price of brent from 2003 to, all the way up to present. see that run up there right in the middle or towards the beginning of that chart. that is up to that peak in july of 2008. then that huge drop-off where it went back down to $40 a barrel. you're saying that it didn't sustain that period. but we could have a sustained period of over $100 a barrel?
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>> that's exactly what we're sayings, david. basically if you look back 150 years we're very, very close to the all-time high. the all-time high as of now is 1864. not 164. but 1864. only a few years after oil was discovered in the u.s. t traded around $8 a barrel. if you put that in today's terms you're talking about $115 a barrel. and last year the average price was 113. we're only a couple of dollars off. we think this year, based on supply and demand that we're going to break it this year. david: let's talk about why this is happening. you mentioned supply and demand. the dollar price of oil there are some variables. primarily of which is the federal reserve board. if you're talking just about the dollar price it is how you price the dollar. the fed does a lot of that. but supply and demand, is it all because of the demand from china and india and the other emerging markets that is pushing the price higher? >> almost all of it surprisingly.
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if we go back to 1994, 1995, we had about 20 million barrels more produced a day in the world. almost all of that has come from the emerging markets but almost all of that demand has also come from emerging markets. so yes, most of it's emerging markets. of that piece, china is a very large shrug of it. much of the 20 million of it, china consumed almost eight million more barrels a day in the last 15, 17 years. david: let's talk about the other side of the equation which is supply. folks say look what is happening with the discovery of oil and shale. of course the price push from natural gas, pushing the price of oil down. with all these new reserves that are coming online, my god, in north dark alone you have -- north dakota alone you have four billion barrels of reserve based on the balkan shale. with all the new supply coming on board isn't that going to affect the price and push it down? >> it could but we don't think it will be this year. basically what you have in the developed world is
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production is falling, not rising. the u.s. is one of the very few areas, that and canada, where you have production moving up. most production is moving down. look at the two large suppliers over the last couple of decades, norway, mexico, they keep falling. so what you have, when you put the whole pie together in the world, what you're seeing productionwise is flat production in the world. if we go back to 2000, you've had oil production in the world has gone up by 18%. gdp in the world has gone up by more than 53%. david: right. >> you can't have gdp which is demand, outstripping supply, that 18% by that amount and not have rising prices. david: a lot is what happened in china because you have hundreds of millions of people coming into the middle class, demanding more products and goods, et cetera. you also have amazing discoveries in china. let me bring one of those and then we have to leave it. we had wilbur ross on. wilbur ross is no dummy. he is a very smart investor. he is investing a lot of his own cash into development of
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natural gas in china. china has more natural gas reserves than the united states does now, to give you an idea how large it is. he suggests that it may be possible for them to fill their own energy needs by the ability to tap into their own natural gas. wouldn't that drive down the price of oil ultimately? >> it could but it is going to be years, david. i mean truly years. because the infrastructure that is used for oil, what we use oil for, driving, heating and so on, is not necessarily what we use for natural gas. so it is going to take years to get the infrastructure in place. think of the u.s. even though i know you're talking about china, there are 180,000 gas stations here in the u.s. only a thousand of them have any form of natural gas. it will take a long time to build that infrastructure. within china it is the same way. if you're going to use natural gas as a resource you have to have that infrastructure in place. not even the u.s. has the infrastructure in place. forget about china. david: fascinating ideas. john laforge, ned davis research analyst.
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good to see you, john. thanks for coming in. >> good to see you too, thank you. liz: do you ever go online and find something negative or false about you or your business? it is so difficult to get rid of. that's where reputation.com comes in. coming up its ceo tells you how they protect clients, continue to expand as demand for the service grows. imagine somebody spreading lies about you? he will talk about that and how they do it. don't forget to log on to facebook.com slash after the bell and click on the "like" button. what people say about your business on line regularly and what would you do if something happened to you. stay tuned. [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy.
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to help you not just to stay alive... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. liz: a look at today's market drivers. stock pushing higher. a good rally with the dow and s&p ending in the green and the nasdaq and level to make it. the s&p hitting a five-year high again. one than 90 percent of the index stock trading above their 50 day moving average. in japan telecom were today's top. prince the only one to in the day lower. home prices declined in november of seasonal weakness.
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no one was to be up there, but that fell by one-tenth of a percent. this but the month-to-month decline, home prices boosted their biggest year-over-year gain in more than six years. according to case schiller, the index the princes together, the average home prices up or five and a half% compared to the year earlier. consumer confidence thank -- sank to the los level since november of 2011 as americans were more pessimistic about their financial prospects. the index fell to 58 from an upwardly revised 66 in the month of december. david: president obama unveiling his own proposal for immigration reform during today's visit to las vegas. liz: what could this mean for millions, some 11 million undocumented people? peter barnes arias from the white house with more details. >> reporter: well, like that a bipartisan centers to five senators who announced their planned, the president wants to create a path the citizenship of
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the 11 million accurate aliens currently living in the country, allowing him to stay here and work here illegally while they wait for green cards and eventual citizenship. similar to the bipartisan senate plan yesterday, the president require the ghosts of register for provisionally rose status. and it would get the back of the line for the citizenship process he also wants to beef up border security, improve the employee verification system with a five-year phase-in, and he wants to streamline the illegal immigration system which is got big backlogs. for example, warning green cars to foreign students to earn advanced degrees here in the united states and science, technology, engineering, and math. the president made his case for immigration reform largely on economic grounds.
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>> evidence of start businesses like to belinda who. they created entire knew industries that create new jobs and prosperity. and years one and for high-tech start-ups in america were founded by immigrants. >> reporter: the bipartisan plan makes the easier path the citizenship heavily contingent on major improvements in border security. >> the border is not just an immigration issue. i'm not in favor of a housekeeper romance give her way across the border illegally. what keeps me up with nine is the terrorists. and the border police said the possibility. it's as much about our sovereignty as it is immigration said arubia made his comments, but afterwards one of a gang of
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eight he said the president did not make a bill to link between improved border security and is easier path. david: liz: people can post pre much anything about you and your company's online not mislead. how to use bought it and defend it? up next, the ceo of reputation. david: looking to cash in? we will take you to the place called the best market for home buyers. we will tell you killing a. ♪ this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money?
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liz: this wreck's goes so lovable starts behaving more and more people, including but tensile employers turn to the
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internet for information i knew. he should be wary of butter online reputation. is just as important as your credit score. liz: david: joining us now, founder and ceo of your nutation. the danger demento us exactly the worst that could happen heaney to our credit rating and our whole credit history as a result of some of the things an online. >> it begins and how the internet is used. a consumer, person, citizen, a job seeker, employee, candidate, or business. people looking us up and then making decisions based upon what they find. all the data shows all across the different markets, if you're looking for a date, java, customers, they're making decisions on the basis of what they find, even more than morgan mouth. but whether or not you're person
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working to make sure they your search results right or you're a small-business owner or business and and looking to make sure your review such as economic batters with the danger counterman the emetine utilized. so it resources to hear more and more decisionmakers are relying and act as a low-profile, personal information, the stockton searches to make life decisions. liz: we have what you do. yamada to the internet for fee and help businesses control search results. fears of the really bad and now, so much of it is anonymous. a business rival could put something up there anonymously that is completely incorrect. how did you remove that? people have called and said this is in our vital i commend it is extraordinarily hard.
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a lot of first amendment rights that nobody can confirm. how'd you do what you do? pushed down the best of? >> i love how you put the problem because i think you accurately describes the situation. a lot of the bad stuff is not actually done by customer the former or disgruntled employee or spouse or competitor riches were a lot of what dogs are customers. in the case of a few sets in particular, where it sure of your customers are reviewing you, not just unhappy customers. have the customers don't take the time to review. i just had a great time and mild changed. you might avoid a restaurant or hotel, but not about the dentist to the florist. we make it easy to get customer reviews and make sure the entire pictures shown. if you've been in business five, ten, 15 years of doing something right. repeat business, but the internet may not reflect the reality.
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so the pull of -- the full picture, we have to collect refuse. david: are almost out of time. we just put up how much you charge for your services. you take this bad data and put it in something called these tables. my question is, for that amount of money you charge what is the risk that they themselves might be entered, broken into our tax? >> that is a terrific question. a lot of security. pci compliant which means we have a strong level of third party of its security. never had a breach. a lot of measures in countermeasures. we did he an opportunity to control you data.
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giving their customers an opportunity to use our privacy products. it's a terrific innovation, and the credit bureaus space, we're proud to be working. liz: can you get to a further sharp picture of me in the red dress? >> are not going to show it. >> not a very flattering picture. liz: it's fresh out. thank you very much. >> i hope with looks as terrific as you do in real life. liz: i love this company home. trying to make people look bad. reputation. david: welcome the new numbers show that home prices continue to rise when compared to last year. we are in the area called the best market for home buyers. you want to tease the segment. go ahead. >> i'm inside a house that is, indeed, in the best buyer's market in the country. i give you a hand, 60 degrees in training.
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had. liz: breaking news. the senate just confirm senator john kerry as the next secretary of state. the vote was 94-3. >> that is not, by the way, senator kerry. amazon right now and had an all-time high had. it is a me as a result of those good numbers. despite a small drop in november, the occasional home price index showed year-over-year prices were up. liz: the storage gross we have seen since august 2006. jeff flock right here in the future live and development said in the suburbs of. >> reporter: it is the best place to buy a home because the home prices have not gone crazy. this is the chicago area. actually in geneva illinois. development put together his. installing a window here. this one right here. i want to put up the map that
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shows will recall the lacquers. a case schiller home price index here in chicago, new york, cleveland, boston, they are lagging. that is like for you, but get a phone buying a house. >> it's an excellent house -- time to be buying. increased prices for lumber, drywall. >> plumbing, draw of increase substantially, so we will be increasing a prices and. will we have found is a lot of people see that. there up buying already. >> markets that have recovered, news of the lungs and leg to call the ones that are bouncing back, the market to heard the storer corporation to four stories about. those are the ones that did best today on vacation our home price index. the people have really done well by the homebuilders. yours is a privately held company, but if we take a look at those talks, that is so we should have all invested in.
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you see a positive for this housing market because we just had consumer confidence numbers. they said, a record number of people are planning to buy homes >> the market is strong. rehearsing genuine interest. traffic is high. sales, would probably have the strongest january in many years. >> one last look. spend around if you can. this is the development. what do you one last look at it out here. a nasty, rainy day, but it is not stopping them from building houses. the recovery is for real. liz: you still have to the new york times out there, but we will seek. david: you can't argue with the 200% gain. thank you very much. liz: coming up, we're going to update you on something you have to see.
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>> we want to take it straight to the hearts and yours updating you on just a great story. you all helped us with it. many of you donated when i completed the new york city triathlon in honor of

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